Texas Law SB1498: Bitcoin and Crypto Assets Now Subject to Seizure in Criminal Cases
Texas has taken a significant step in regulating cryptocurrency-related crimes with the enactment of Senate Bill 1498. This bipartisan legislation, effective from September 1, 2025, empowers law enforcement to seize digital assets, including Bitcoin (BTC), NFTs, and stablecoins, when they are linked to criminal activities such as drug trafficking, fraud, and human trafficking. The seized assets will be transferred to secure offline wallets controlled by authorities. This move highlights the growing intersection of cryptocurrency and legal frameworks, aiming to curb illicit activities while potentially impacting the crypto market dynamics. As the crypto industry evolves, such regulations could shape future adoption and investor confidence in digital assets.
Texas Enacts SB1498 Allowing Seizure of Crypto Assets Linked to Crimes
Texas lawmakers have passed Senate Bill 1498, a bipartisan measure granting law enforcement authority to seize digital assets tied to criminal activity. The law, effective September 1, applies to Bitcoin (BTC), NFTs, stablecoins, and other cryptocurrencies used in or derived from offenses such as drug trafficking, fraud, and human trafficking.
Seized assets must be transferred to secure offline wallets controlled by the state, with forfeiture cases filed in the seizing agency's jurisdiction. The law mirrors existing civil asset forfeiture rules for cash and physical property, addressing gaps as crypto plays a growing role in financial crimes.
Arizona is pursuing similar legislative updates, signaling a broader trend of regulatory scrutiny over digital assets in the U.S.
Strategy’s $26 Million Bitcoin Purchase Signals Long-Term Conviction
MicroStrategy has added 245 BTC to its treasury despite Bitcoin's 21% weekly decline, spending $26 million at an average price of $105,856 per coin. The purchase reinforces CEO Michael Saylor's bullish stance, with the firm now holding 592,345 BTC acquired at a $70,681 average.
The acquisition marks MicroStrategy's first major buy since March, when it purchased 130 BTC for $10.7 million. Saylor has repeatedly framed price dips as buying opportunities, predicting bitcoin could reach $21 million within 21 years based on its scarcity value versus traditional assets.
Bitcoin Surges Past $105k as Geopolitical Tensions Ease Following Israel-Iran Ceasefire
Bitcoin reclaimed the $105,000 level in early trading Monday as risk appetite returned to markets following a U.S.-brokered ceasefire between Israel and Iran. The digital asset gained 7.6% from local lows NEAR $98,000 during a volatile 48-hour period marked by missile exchanges between the Middle Eastern nations.
The truce declaration at 06:08 BST on June 24 came after a final round of attacks that killed four in Beersheba and nine in Gilan. Israel's subsequent acceptance of the agreement at 07:10 BST cited successful neutralization of Iran's nuclear and missile threats as key objectives achieved.
The cryptocurrency's rally correlated with broad-based risk-on moves, including a 1% appreciation in the Israeli shekel and declines in traditional SAFE havens like oil. Market participants rapidly repriced geopolitical risk as the conflict's de-escalation became apparent.
Metaplanet to Inject $5B Into U.S. Unit to Accelerate Bitcoin Accumulation
Metaplanet (3350), a Japanese hotel company turned Bitcoin advocate, has approved a $5 billion capital injection for its U.S. subsidiary, Metaplanet Treasury Corp. The MOVE aims to fast-track its ambitious BTC acquisition strategy, targeting 210,000 BTC by 2027.
The Florida-based subsidiary, established May 1, will leverage U.S. capital markets and institutional infrastructure to optimize Bitcoin treasury operations. Funding will come from exercising stock acquisition rights, with all proceeds dedicated to BTC purchases.
This expansion reflects Metaplanet's vision for a global treasury model that enhances shareholder value and solidifies its position in Bitcoin capital markets. The company maintains its original fund allocation plan and expects minimal fiscal year impact.
Global Corporations Bitcoin Holdings 2025
Corporate Bitcoin holdings have reached unprecedented levels in 2025, with public and private companies collectively amassing over 1 million BTC—surpassing the annual issuance of 164,250 BTC. Public companies now hold more than 725,000 BTC, a 135% increase from 2024, while private entities are estimated to control an additional 300,000 BTC despite limited transparency.
The surge reflects broader institutional adoption, driven by regulatory clarity, Bitcoin's role as an inflation hedge, and growing demand for decentralized assets. U.S. policy shifts recognizing Bitcoin as a strategic reserve asset, alongside global tax and institutional frameworks, have accelerated this trend. MicroStrategy leads with over 576,000 BTC, valued at $60 billion, cementing Bitcoin's place in corporate treasury strategies.
Bitcoin’s Momentum Builds: Will $106K Resistance Mark the Next Move?
Bitcoin's short-term holder cost basis hovers at $98,100, with a critical support zone between $97,000 and $98,000. This level has proven decisive in recent corrections, acting as a make-or-break point for newer investors. Glassnode data reveals a 29% increase in Loss Sellers since June 10, pushing their break-even point to $95,600 from $74,000—a sign of mounting pressure on weak hands.
Yet conviction buyers remain active, strategically lowering their cost bases. The market now faces a pivotal test at $106,000 resistance. A breakout could propel prices higher, while failure may trigger another corrective phase. Bitcoin's April pullback aligned precisely with the short-term holder realized price, underscoring this cohort's growing influence on market dynamics.
